Crypto edges off of worst levels after Trump extends Iran strike pause

It was an ugly day all around in markets as the Iran war has sent oil prices and bond yields surging higher. What to know : Bitcoin recovered modestly from earlier losses after U.S. President Donald Trump said he would extend a pause on U.S. attacks against Iran’s energy infrastructure to 10 days. The remarks came following declines across markets on Thursday, with bitcoin tumbling more than 3% and the Nasdaq 2.4%. The war in the Middle East has led not just to sharply higher oil prices but also to a growing selloff in Western bond markets.